The Real Estate Market In Maine, Not Like Everywhere Else.
The mass media prints, voices, splashes of charts and images for the real estate market daily report.
As if it was one big forecast that applies to everywhere. That works like one national weather forecast. For all the nooks and crannies where there is property listed, for sale.
Real estate bloggers are guilty too of making one giant sweeping report statement for what is happening for the country.
Based on the what is selling, not moving from their own experience. At their GPS settings zoom in from space.
Each US real estate market pie is flavored differently. Those flavors, tastes change and reflect the current market the listings, properties populate.
But limited to a small chunk of the nation. What moves and grooves in their own backyard. The truth is that every market in real estate, in any industry is so so different and dependent on a slew of variables, factors. All unique and controlled by the way in my case small Maine towns operate and survive.
When you are quite a distance for travel and large paying jobs in rural parts of Maine, the dynamics of the real estate market are vastly a house, I mean horse of a different color. And the small Maine rural real estate market is not all about just home sales. More than just that one flavor of property listings to reach for, request, order up in Maine.
Land in Maine, lots of it and so many reports you pick up through the air and from the wire tethered to your computer only report on houses sales.
No mention of land acreage statistics and how farm land, wooded sections, waterfront property is listing, selling.
Ditto with small Mom and Pop shop business listings.
Commercial listings in Maine list, sell but the housing real estate portals fail to mention that on front or rear sections of the tabloids or news sources.
Hot or cold happens more in cities with spikes up and down. Rural Maine just chugs along. Warms up, cools off slowly.
Just different the way city mouse sees the local real estate urban market shake down. All about housing, the four walls, roof and picket fence. If there is a yard or not.
That small missing fact of just where are we talking about shows just how different it is out here in the sticks where the stars are brighter. Sky bluer, air cleaner. For his country cousin in a rural state like Maine truly is.
So in a nut shell what happens in the Maine real estate market if asked for the simple explanation if that category question comes up on a game show?
Pretty simple. There is southern Maine that is closer to population centers like Boston and beyond. There is northern Maine that is 6.5 hours to 8.5 hours away from Bean Town.
Those population centers help warm up or cool off the recreational and waterfront property listing sales velocity.
Like dominoes, buying a Maine hobby farm or small commercial listing to create a job is easier, quicker if sales in areas outside Maine are active.
If turn over is flat, it trickles down or usually up in the case of Maine in the upper right hand corner of things.
Land in Maine is in big supply, so plenty of demand but no shortage means prices climb slowly.
Fun investment and your buyer can stay hustling, chasing the dollar in the city. But have the space here in Maine that is scarce, expensive or pretty much nonexistent there.
For house sales, telecomuting is big and jobs online are brought along to the new venue in Maine. A safer, lower cost place to live, work and play … to raise that family. To become involved in the local activities that every Mainer does.
You can buy a quality home in Maine in the $60,000 or less price range. That bracket is one a larger real estate market agent or broker would smile, and respectively explain you need to add zero places. To find something you can afford no matter what type of real estate property listing you are in the market to buy.
That same Maine home but parked closer to the southern end where the big green bridge could cost three times the price tag amount.
The distance away from major markets means travel time comes into play. The more miles into Maine, the lower price you can expect to pay, shell out for Maine real estate property listings.
207.532.6573 | [email protected] | MOOERS REALTY 69 North St Houlton ME 04730